NexGen Energy Ltd. (TSE:NXE) Given Consensus Recommendation of “Buy” by Brokerages
by Danessa Lincoln · The Markets DailyShares of NexGen Energy Ltd. (TSE:NXE – Get Free Report) have earned a consensus rating of “Buy” from the seven brokerages that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have covered the stock in the last year is C$19.09.
A number of equities research analysts recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of NexGen Energy from C$15.00 to C$20.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. TD Securities upped their price target on NexGen Energy from C$15.00 to C$20.00 in a research report on Thursday, January 22nd. National Bank Financial lifted their price objective on shares of NexGen Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Scotiabank boosted their price objective on shares of NexGen Energy from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, Stifel Nicolaus boosted their price target on shares of NexGen Energy from C$22.00 to C$30.00 and gave the stock a “buy” rating in a research report on Friday, March 6th.
Get Our Latest Analysis on NexGen Energy
NexGen Energy Price Performance
NXE opened at C$16.30 on Monday. The stock has a market cap of C$10.78 billion, a P/E ratio of -30.75 and a beta of 1.11. NexGen Energy has a 12 month low of C$5.59 and a 12 month high of C$18.91. The company has a quick ratio of 8.20, a current ratio of 1.82 and a debt-to-equity ratio of 32.03. The company has a fifty day simple moving average of C$16.50 and a 200 day simple moving average of C$14.15.
NexGen Energy (TSE:NXE – Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported C($0.06) earnings per share for the quarter. On average, research analysts expect that NexGen Energy will post -0.07 EPS for the current year.
NexGen Energy Company Profile
NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company’s flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.